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Ray Dalio on the current state of things

“Economic movements are driven by all markets interacting and trying to find their equilibrium levels, in much the same way as the parts of nature interact in a never-ending process of trying to find their equilibria. They are constantly moving to adjust the supplies and demands of goods, services, and financial assets in such a way that nothing can stay either very profitable or very unprofitable for long. If a good, service, or financial asset is very profitable for long, the quantities produced and the competition to produce it will increase, eliminating that excessive profitability, and if making it is unprofitable, the reverse will happen.”